Australia

The firms have re-upped for Nuveen’s latest fund, with CPP’s head of APAC credit Raymond Chan citing ‘attractive opportunities’ in the Australian market.

Although Australia is seeing real-estate related pressure, concerns about runs, repurchases, PIK and software appear overblown, some observers agree.

The firm’s third vintage in its Asia credit strategy is thought to be targeting $1bn.

Different jurisdictions demand varying perspectives according to Kyle Shonak, chief transaction officer, North America; Ben Mukhida-Olushola, global head transaction counsel; and Tim Stewart, head of Asia-Pacific, at Gordon Brothers.

ASIC said that updating valuations for 30 June should be an ‘immediate point of action’ for GPs and funds.

Mike Jones, managing director and head of Australia private credit at PGIM, says that growth has slowed somewhat as the country’s big banks remain active, with patience vital.

The 2026 list will feature individuals under the age of 40 whom we believe have the ability and potential to shape the asset class in the years ahead.

As the US and European private credit markets become increasingly saturated, investors are turning their attention to Australia, says FC Capital’s chief executive officer, Christian Brehm.

Speaking at a PEI Investor Council event in Sydney, the superfunds said their debt portfolios were performing well and that recent high-profile fund redemptions did not change market fundamentals.